Yesterday the New York Post reported that ankle man Thom Browne was thisclose to filing for bankruptcy, after demand for his flood pants dwindled dramatically in the wake of Wall Street's collapse. Today the designer tells WWD that things are as spiffy as one of his signature shrunken gray suits. He denied cash-flow problems and says he's not considering bankruptcy but would love to find a financial backer so he could further grow his business. However, he doesn't want to sell a majority stake and is being very careful about choosing the right partner.
Though his eight-year-old business hasn't been immune to the retail slowdown, Bergdorf says Browne shipped his spring line on time. Also, after his fantastic show in Florence a couple of months ago, Browne says he picked up ten new stores in Europe and Japan. The designer added that wholesale business as of January was up 117 percent. And here we were worrying that short pants had fallen out of favor in this economy. When things get better soon, like they say it will, Browne can sell even more flood pants. Bare ankles forever! We suppose this marks the end of our short-lived Save Thom Browne campaign. So we'll turn to our next cause: Project Man Skirt, You Know You Want One.
Most Viewed Stories
It’s Harder to Be Thin Than It Was in the ’80s
Why Do I Jerk Awake Right As I’m Falling Asleep?
From Up Close, Raf Simons’s Vision for Dior Is Clear
The World’s Easiest Way to Highlight Your Face
A Pregnant Supermodel Explains What She Eats
Meet the Prom Queen of Instagram
Michelle Obama: No Boy Is Cute Enough to Keep You From Getting an Education
Sleater-Kinney on Riot Grrl, Reuniting, and Portlandia
Selfie Sorority Uses Media Frenzy for Good Cause
Guess Who Renovated This Grand Upper West Side Penthouse
From Our Partners
The Art of Loving and Losing Female Friends
How Demi Lovato Embraced This Body “Problem” We All Have
How This Woman Lost 30 Pounds After Years of Ignoring Her Weight Gain
5 Must-Have Products for Your Makeup Bag
powered by PubExchange
The Cut’s Latest Fashion FeaturesThe Retired Modeling Agent Who Loves Empire
“I started my own agency — we represented Twiggy — but went off to be assistant to the actor Yul Brynner, who was dating my roommate at the time.”Bright Coats for Cold Days
New York women in winter's least-boring outerwear, from bright-green alpaca fur to leopard-print mohair.Céline’s Woman-Friendly Triumph
Phoebe Philo remains in touch with what women want to wear.Watch the Akris Livestream
Enjoy!From Up Close, Raf Simons’s Vision for Dior Is Clear
And don't count John Galliano out at Margiela yet.5 Things I Want to Wear From Paris: Part 2
Cropped sweaters, a spangled skirt, and more.Jaden Smith and Kesha Partied This Week
Along with Cindy Crawford, Anjelica Huston, Rita Ora, and Lena Dunham.Kendall Jenner and Gigi Hadid Partied in Balmain
Plus: more highlights from Paris Fashion Week's parties, including Jared Leto.See All the Street Style From Paris Fashion Week
Featuring wooden platforms, velvet robes, and floor-length ponchos.Who Won Best-Dressed at Milan Fashion Week?
Another city, another people's choice Peacock.
Photographer Tomasz Lazar's latest dispatch from Fashion Month.Style Smackdown: Olivia Pope vs. Cookie Lyon
Judging the best looks from this week's episodes.Never Mind the Feminist Sound-Bites, Rick Owens Just Showed His Best Clothes Yet
Gymnast models symbolizing "women supporting women" wore mature yet spontaneous looks.Grace Jones Is Having the Wildest Book Tour Ever [NSFW]
She flashed crowds at her signing in New York.Tom Ford and Lady Gaga Turn the Runway Into a Disco
The designer is showing his newest collection in a video.All About Dior’s Spring 2016 Show
Rihanna, lavender walls, and pointy flats.Cecilia Dean on Her Latest Immersive Fashion Project
A downtown art event with DVF and Proenza Schouler.Dior Built a Huge Flower Wall for Its Show
Just breathe that in.The Selfie-Stick Fashion Generation
Today’s young designers focus too often on their feelings.Rick Owens Dressed Models in ... Other Models
Harnesses were involved.